Saturday, July 7, 2012

Definition of Marketing

2. According to Philip Kotler and Armstrong is marketing as a social and managerial process where individuals and groups obtain what they need and want through creating and exchanging products and value reciprocity with others.

3. Marketing is a total system of business activities designed to plan, determine pricing, promotion and distribution of goods can satisfy the desire and achieve the company's target market and goals.

4. According to W Stanton marketing is a whole system of activities aimed to plan, determine the price, promote and distribute goods and services to satisfy the needs of buyers and potential buyers.

-Concept Marketing
Core concepts of marketing is: needs, wants, demand, production, utility, value and satisfaction; exchange, transaction and market relations, marketing and market.
We can distinguish between needs, wants and demands.
Necessity is a state feels a certain lack of basic satisfaction. Desire is a strong desire to be satisfying specific needs in more depth. While demand is a desire for specific products backed by the ability and willingness to buy.

-Marketing Management
Marketing management derived from two words, namely the management and marketing. According to Kotler and Armstrong is a marketing analysis, planning, implementation and control of programs designed to create, build, and maintain beneficial exchanges with target buyers to achieve company goals.
management is the process of planning (Planning), organizing (organizing) mobilization (Actuating) and supervision.
So it can be interpreted that the Marketing Management is the analysis, planning, implementation and control of programs designed to create, build, and maintain beneficial exchanges with target markets in order to achieve the goal - the goal of the organization.